Scenario 1: Long (blue arrow) 1. Falling under 50% of the Range 2. Reclaiming the 50% level 3. Buy on a retest of it.
Target: Top of the range
Scenario 2. Short (yellow arrow) 1. Price falling under 50% level 2. Generating Lower Swing 3. Rebuy on the level after breakdown
Target: Bottom of the range
I posted the last days two other ideas to XRP dont confuse them and watch timeframes and scenarios.
Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading! trader_se
Comment
Interesting reaction of the 50% level
Trade active
Comment
Lets see if it can reclaim the 0.5 Fib level - if not prob have to close the position and the second scenario could come into play.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.